XML 38 R39.htm IDEA: XBRL DOCUMENT v3.19.3

Income Tax (Tables)

9 Months Ended

Sep. 30, 2019

Income Tax Disclosure [Abstract]

Schedule of reconciles U.S. statutory rates to effective tax rate

		2019				2018
U.S. statutory rates		(21.0		)%		(21.0		)%
Tax rate difference – current provision			(3.6	)%			(3.7	)%
Reversal of temporary difference due to disposal of Shenqiu			(15.5	)%			-	%
Permanent differences			1.3	%			3.7	%
Other			-	%			2.0	%
Valuation allowance on PRC NOL			17.0	%			11.4	%
Valuation allowance on US NOL			0.6	%			1.7	%
Tax (benefit) per financial statements			(21.2	)%			(5.9	)%

		2019				2018
U.S. statutory rates			(21.0	)%			(21.0	)%
Tax rate difference – current provision			(3.7	)%			(3.8	)%
Tax adjustment on PRC tax return			-	%			-	%
Reversal of temporary difference due to disposal of Shenqiu			(2.1	)%			-	%
Permanent differences			(0.1	)%			0.6	%
Other			-	%			(0.7)	%
Valuation allowance on PRC NOL			9.8	%			7.0	%
Valuation allowance on US NOL			1.5	%			0.8	%
Tax (benefit) per financial statements			(15.6	)%			(17.1	)%

Schedule of provision for income taxes expense

		2019				2018
Income tax expense (benefit) – current		$	2,487			$	1,316,866
Income tax benefit – deferred			(3,044,371	)			(1,589,864	)
Total income tax expense (benefit)		$	(3,041,884	)		$	(272,998)

		2019				2018
Income tax expense  (benefit) – current		$	(755,840	)		$	395,824
Income tax expense (benefit) – deferred			-				(936,740	)
Total income tax expense (benefit)		$	(755,840	)		$	(540,916	)

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration